KUALA LUMPUR (Feb 27) — Matrix Concepts Holdings Bhd delivered a solid set of financial results for the third quarter ended Dec 31, 2025 (3QFY2026), recording a 15.5% increase in net profit compared with the same period last year. The improved performance was largely attributed to stronger revenue recognition and encouraging project take-up across its developments.
Quarterly net profit rose to RM50.04 million from RM43.32 million a year earlier, supported by a 31.8% surge in revenue to RM370.14 million. The growth momentum was primarily driven by Levia Residence, the group’s second high-rise residential project in Kuala Lumpur, which saw robust buyer interest and higher progressive billings during the quarter.
Additional contributions came from its flagship Sendayan Developments and the Bandar Seri Impian project, both of which continued to record resilient demand. Reflecting confidence in its earnings visibility, the group declared a third interim dividend of 1.35 sen per share, payable in April.
For the cumulative nine-month period ended Dec 31, 2025 (9MFY2026), net profit rose 5.4% year-on-year to RM180.62 million, while revenue climbed 19.2% to RM1.05 billion. The steady performance underscores sustained market appetite for well-planned township developments despite broader market uncertainties.
A notable development during the financial year was Matrix’s expansion into Selangor through the acquisition of Horizon L&L Sdn Bhd, Horizon L&L (SEL) Sdn Bhd and Exoland Property Management Sdn Bhd. This move positions the group to capture new growth opportunities within one of Malaysia’s most active property corridors.
The Selangor entry is expected to contribute to a healthy uplift in unbilled sales recognition over the next 15 months. The group also outlined planned launches exceeding RM800 million over the next two years, signalling continued pipeline strength.
From a broader real estate perspective, expansion into Selangor aligns with rising investor and occupier interest in industrial land in Selangor, particularly as infrastructure upgrades and township developments stimulate surrounding economic activity. Growth in residential and mixed-use components often complements demand for industrial property in Subang area and factory in Puchong, where SMEs and supporting industries seek proximity to growing population centres.
Similarly, ongoing high-rise and mixed developments in Kuala Lumpur reinforce long-term prospects for commercial property in KL. As more businesses establish regional headquarters and service hubs, demand for strategically located office space in Bukit Jalil and other established KL precincts is expected to remain firm.
With resilient township demand, a strengthening KL presence and new exposure to Selangor’s dynamic property market, Matrix Concepts appears well-positioned to sustain its growth trajectory while contributing to broader real estate momentum across Kuala Lumpur and Selangor’s industrial and commercial sectors.
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